Former Deutsche Bank Trader to Create $100-Million Crypto Hedge Fund
Another crypto hedge fund will be making its debut in January 2019. Circuit Capital is a crypto hedge fund founded by Eugene Ng, a former derivatives trader at Deutsche Bank. Ng, who is targeting $100 million for the new fund, is not deterred by the steep declines of approximately 70% that the crypto market has suffered this year and instead is reportedly focused on rising adoption and scalability of blockchain companies. Ng is also encouraged by the caliber of talent that is flocking to the blockchain space as well as the emergence of industry infrastructure for institutional investors. Circuit Capital will have dual headquarters of San Francisco and Singapore.